CRHCP EXAM 1 UPDATED QUESTIONS WITH VERIFIED ANSWERS
The Income Statement is also known as: - CORRECT ANSWER✅✅✅A Profit and Loss Statement
In order to make up the Trial Balance, you need to combine which of the following - CORRECT
ANSWER✅✅✅Income Statement & Balance Sheet
Medicare will pay... - CORRECT ANSWER✅✅✅80% of the RHC encounter rate if no deductible is
applied
Template Use Scheduling has less flexibility than other types of scheduling methods - CORRECT
ANSWER✅✅✅TRUE
Utilization Rate is calculated using no-show visits vs. visits scheduled. - CORRECT
ANSWER✅✅✅FALSE
The correct answer is The No Show Rate is calculated using the no-show visits vs visits scheduled.
Depreciation: - CORRECT ANSWER✅✅✅Is used to describe the reduction in the value of an asset
over time
"Open Access" scheduling includes all of the following components EXCEPT: - CORRECT
ANSWER✅✅✅Multi-location efficiency
Use of which scheduling method in your RHC could reduce phone calls and action needed in scheduling
by staff? - CORRECT ANSWER✅✅✅Portal Self Schedule
One key difference between the Income Statement and the Balance Sheet is: - CORRECT
ANSWER✅✅✅The Income Statement measures financial performance over a period of time,
whereas the Balance Sheet is a snapshot
A trial balance is required to be presented quarterly for the cost reporting period being reported -
CORRECT ANSWER✅✅✅FALSE
The Income Statement is also known as: - CORRECT ANSWER✅✅✅A Profit and Loss Statement
In order to make up the Trial Balance, you need to combine which of the following - CORRECT
ANSWER✅✅✅Income Statement & Balance Sheet
Medicare will pay... - CORRECT ANSWER✅✅✅80% of the RHC encounter rate if no deductible is
applied
Template Use Scheduling has less flexibility than other types of scheduling methods - CORRECT
ANSWER✅✅✅TRUE
Utilization Rate is calculated using no-show visits vs. visits scheduled. - CORRECT
ANSWER✅✅✅FALSE
The correct answer is The No Show Rate is calculated using the no-show visits vs visits scheduled.
Depreciation: - CORRECT ANSWER✅✅✅Is used to describe the reduction in the value of an asset
over time
"Open Access" scheduling includes all of the following components EXCEPT: - CORRECT
ANSWER✅✅✅Multi-location efficiency
Use of which scheduling method in your RHC could reduce phone calls and action needed in scheduling
by staff? - CORRECT ANSWER✅✅✅Portal Self Schedule
One key difference between the Income Statement and the Balance Sheet is: - CORRECT
ANSWER✅✅✅The Income Statement measures financial performance over a period of time,
whereas the Balance Sheet is a snapshot
A trial balance is required to be presented quarterly for the cost reporting period being reported -
CORRECT ANSWER✅✅✅FALSE
